Export-Import Bank of the United States Board of Directors Renews $450 Million Supply Chain Finance Guarantee, Supporting Small Business Suppliers Across America

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WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors yesterday unanimously voted in favor of renewing a $450 million guarantee authorization to Citibank, N.A. under EXIM’s Supply Chain Finance Guarantee Program. The facility, provided by Citibank, allows suppliers of The Boeing Company to receive accelerated payments on accounts receivable due from Boeing.  

The facility will support approximately $2 billion in export sales of various models of commercial aircraft.  With 365 small business suppliers eligible to participate, EXIM is providing critical support to America’s small businesses at a critical time for businesses recovering from the effects of the COVID-19 pandemic. Sales facilitated through EXIM’s facility will support an estimated 2,300 jobs at Boeing and the company’s national supply chain.

“By approving this important transaction, EXIM is once again displaying our steadfast support for small business suppliers and the thousands of jobs they create across America,” said EXIM President and Chair Reta Jo Lewis. “We also know that economic security is national security and supporting America’s largest aviation exporter helps ensure our country can remain competitive in a sector that impacts our economic security.”

The EXIM Supply Chain Finance Guarantee, offered to lenders, assists U.S. exporters and their suppliers through accounts receivable financing. It is designed to increase liquidity in the supply chain and provide suppliers, particularly small businesses, with access to capital faster and at a lower cost. Through this program, U.S. suppliers can sell their accounts receivable to a private sector lender at a discounted rate to obtain early payment of their invoices. The EXIM guarantee, which bears the full faith and credit of the United States, is provided directly to the private sector lender. EXIM provides a 90 percent guarantee of an eligible account receivable while the lender bears 10 percent risk.


The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insuranceworking capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.